Re: Roth IRA question and Request for year end tax tips.

From: Rich Carreiro <rlcarr@animato.pn.com>
Subject: Re: Roth IRA question and Request for year end tax tips.
Date: Wed, 16 Dec 1998 09:56:29 -0500

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>Any year end tax saving tips from this group?

Accelerate deductions, defer income, take losses :-)

>One quick question about Roth IRA conversions. If my wife and I 
>have an AGI greater than 100k but individually our AGI is 
>less than 100k can we make the conversion from a regular IRA to a
>Roth IRA?

Nope.  The modified AGI limit on conversions is $100,000 for filing
single, for filing head-of-household, and for filing jointly.  It is
$0 (not a typo) for filing separately.

If your Congresscritter is one of those who babbles about the unfairness
of the marriage penalty, rake him over the coals for hypocrisy for supporting
this aspect of the Roth IRA.

Rich Carreiro
rlcarr@animato.pn.com
P5-100/RedHat Linux 4.2

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